Do You Think Like A Wealthy Person?

Think DifferentlyWhat are the differences in status and in thinking between a person who is lower- or middle-income and a person who is fantastically successful?

Let’s look at them a little bit closer.  For the purposes of this discussion, I’m going to call people who are in the lower- and middle-income brackets "trapped" and those who are the wealthiest "free."

Most of those in the "trapped" category are employees while the "free" group are almost always business owners, entrepreneurs, investors, etc. - people who take control of their own destiny.

If you look at the paycheck of a "trapped" person, you’ll find:
Gross Earnings Minus Deductions (Taxes, SSS, etc.) = Net Pay (Money left for you to spend / save)

The earnings of a "free" person look like this:
Gross Earnings Minus Expenses / Savings = Net Earnings subject to taxes

Notice the difference? It’s earn, pay tax, spend for someone who’s "trapped" and earn, spend, pay tax for someone who’s "free." There’s a profound difference.

If you are an employee, there’s not much you can do about it because that’s the way the system works. You don’t have the power to change the system because you have no control over it. It’s time to get out of the trap, be liberated from being poor or middle class, and start taking action to becoming financially independent.

To change the situation, you have to consciously state your intention. You send a signal to your brain so that your mindset will start to function like those who are "free."

Let’s compare how a "trapped" person thinks to the way a "free" person thinks. Knowing the differences helps to open up your perception to the way your mind works. This also prepares or conditions your mind to have an in-depth understanding of financial issues.

The "trapped" work for money. The "free" make money work for them. Literally translated, the "trapped" work to gain money in exchange for their services, to pay for bills and all the other expenses. The "free" use money to earn money by investing and/or going into business. They employ the services of other people so they do not necessarily have to be physically present to maintain their business. This gives them more time to engage in other moneymaking ventures — and to do more of the things they enjoy doing.

The "trapped" think that the love of money is the root of all evil that is why they choose to remain "trapped". The “free” think that the lack of money is the root of all evil, that is why they strive to create wealth.

Say for example, two people are looking at a yacht, admiring it, imagining what it would be like to own it. The person who chooses to remain "trapped" would say: "I canlt afford to buy a yacht." The person who chooses to find ways to create wealth would say: "What  can I do to own a yacht?" The thinking process of the "trapped" on how to make money is automatically shut down. The thinking process of the "free" works to determine ways for them to make money, so that they can afford to buy whatever they desire.

The poor and middle class buy their personal things like clothing and household furnishing ready made. The "free" buy them made-to-order. Items that are made-to-order are usually more expensive because they are unique or one-of-a-kind, giving the "free" more options, choices, and advantages.

The "trapped" advise their children to study hard so that they can find a good company to work for when they finish their education. The "free" advise their children to study hard so that they can build a good company or find a good company to buy.

The excuse of the "trapped" for being poor is that they are supporting their families, so expenses are high. The "free" are motivated to be wealthy because they are supporting their families, striving to earn more.

A lot of people cringe when it comes to taking risk about money especially the "trapped". The "free" will find ways to control and manage this risk.

On the issue of reaching retirement age, the "trapped" depend on a company or the government to take care of their needs. The "free" prefer financial self-reliance.

The "trapped" can afford to save a few dollars. The "free" can afford to make investments to increase their wealth.

The "trapped" compose impressive resumes to find good jobs. The "free" come up with dynamic business plans to create jobs for others.

The "trapped" say that money isn’t important to them. The "free" say that money is power.

As you can see, there are a lot of differences between the the thinking and attitudes of the "trapped" and the "free." How the mind works determines the person. It's sad that most people choose the "trapped" way of thinking.  And it is a choice.

Let me emphasize, though, that a willing mind isn't enough to magically make you wealthy if it's not coupled with intelligent, decisive, fearless action.  One way to take immediate action is to use Robert Allen Multiple Streams of Income

Make it happen. Make the decision to change your situation and take action today!

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